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That question stumped Kai and Molly on this week’s “Make Me Smart.” Here’s the answer.
Darren Quon and James Gau worked in manufacturing before moving into the business of consulting and sourcing.
Shoe manufacturing shifted from Europe and the U.S., to Japan and Brazil, then to South Korea and Taiwan. Now, much of it takes place in mainland China.
The vast majority of American jobs are in the services sector; as distinct to manufacturing, agriculture and others.
China makes almost 70% of the shoes imported into the U.S.
One of the economy’s warning lights just switched on.
How Trump’s “America First” agenda may have backfired for U.S. factories.
A new report says factory activity barely grew in June, fueling concern about the trade war’s impact on U.S. manufacturing.
And how its customers are thinking about supply chains.
Orders for autos, metals and business machinery were all down.
